Invesco QQQ (NASDAQ:QQQ) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,358 shares of the exchange traded fund’s stock after selling 6,869 shares during the quarter. Invesco QQQ makes up about 8.5% of American Financial Advisors LLC’s holdings, making the stock its biggest position. American Financial Advisors LLC’s holdings in Invesco QQQ were worth $60,060,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of QQQ. New Covenant Trust Company N.A. purchased a new position in Invesco QQQ during the 1st quarter worth $28,000. Deane Retirement Strategies Inc. purchased a new position in Invesco QQQ during the first quarter worth about $29,000. Legacy Bridge LLC lifted its position in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Voisard Asset Management Group Inc. purchased a new stake in Invesco QQQ in the 4th quarter valued at approximately $35,000. Finally, Robinson Capital Management LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $40,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $5.15 during trading on Friday, hitting $480.00. 35,456,061 shares of the company were exchanged, compared to its average volume of 40,708,035. Invesco QQQ has a 1 year low of $342.35 and a 1 year high of $503.52. The firm’s fifty day moving average price is $475.08 and its 200 day moving average price is $453.44.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, June 24th were issued a $0.7615 dividend. The ex-dividend date was Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.63%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.57.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.